Galp Energia SGPS (XLIS:GALP) ROCE % : 14.25% (As of Dec. 2023)

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What is Galp Energia SGPS ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Galp Energia SGPS's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.25%.

Galp Energia SGPS ROCE % Historical Data

The historical data trend for Galp Energia SGPS's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Galp Energia SGPS ROCE % Chart

Galp Energia SGPS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.52

-0.91

9.29

30.39

23.04

Galp Energia SGPS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															34.03	27.55	23.02	28.89	14.25

Galp Energia SGPS ROCE % Calculation

Galp Energia SGPS's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	2766	/	( ( (16096 - 4314)	+	(16606 - 4376) )	/ 2 )
	=	2766	/	( (11782	+	12230)	/ 2 )
	=	2766	/	12006
	=	23.04 %

Galp Energia SGPS's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	1724	/	( ( (16129 - 4170)	+	(16606 - 4376) )	/ 2 )
	=	1724	/	( ( 11959	+	12230 )	/ 2 )
	=	1724	/	12094.5
	=	14.25 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Galp Energia SGPS (XLIS:GALP) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Galp Energia SGPS ROCE % Related Terms

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Galp Energia SGPS (XLIS:GALP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Galp Energia SGPS SA (XLIS:GALP) » Definitions » ROCE %

Comparable Companies

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GLPEY:USA GLPEF:USA GALPu:UK 0B67:UK GZ5:Germany

Address

Rua Tomas da Fonseca, Torre A, Lisboa, PRT, 1600-209

Website

https://www.galp.com

Galp Energia SGPS SA is an integrated operator with business lines spanning from exploration and production to refining and marketing of oil products. Its operating segments include Upstream, Industrial and Midstream, Commercial and Renewables and New Businesses. The Upstream segment involves the management of all activities relating to the exploration, development, and production of hydrocarbons. The Industrial & Midstream segment operates the Sines industrial site in Portugal, which includes all current refining activities, The Commercial segment encompasses the area of retail to final B2B and B2C customers of oil, gas, electricity, and convenience. The Renewables & New businesses segment represents Galp's presence in the renewable and new energies space.

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